Core Viewpoint - China Pacific Insurance (P&C) is currently facing unusual stock price and trading volume fluctuations, attributed to rumors regarding the disappearance of its senior executive, Yu Ze, who is also the Vice Chairman and President of the company [1][4]. Group 1: Company Announcement - On December 2, China P&C announced that it is verifying market rumors related to its executives and has not identified the cause of unusual stock price movements [1][4]. - The company advised shareholders and potential investors to act cautiously in trading securities [1]. Group 2: Executive Information - Yu Ze, born in 1972, has held various positions in multiple insurance companies and has been with China P&C since December 2019 as Vice President [7]. - Yu Ze's recent media coverage includes claims of him being "missing" or "taken away by authorities," which has contributed to the company's stock price decline [4][7]. Group 3: Stock Performance - On December 1, shares of China P&C experienced significant declines, with A-shares dropping by 4.97%, Hong Kong shares by 5.25%, and China P&C's stock by 2.72% [4]. - Following the announcement on December 2, the stock price of China P&C rebounded slightly, closing at 17.75 HKD per share, with a total market capitalization of 394.81 billion HKD [5]. Group 4: Company Background - China P&C is the largest property insurance company in mainland China, with a history dating back to 1949 and a strong market position [7]. - In 2024, the company reported total insurance service revenue of 485.22 billion CNY and total assets of 778.24 billion CNY [7]. - The company has faced scrutiny in recent years, with several executives being investigated or disciplined for various issues [7][8].
人保财险：注意到市场传言，正在核实中